November 21st, 2011 | 
Category: 
This dividend income update will cover October and November in my journey to retiring on dividends! As you will attest, regardless of the turbulence in the markets, my dividends continue to work for me 
My dividends during the past 2 months were able to DRIP shares in 9 companies for compound growth.
Dividend Income
I did very little in October and November with the accounts. I have only added TD since my last dividend income report. I hope you are not surprised by my interest in the Canadian banks. Our bank fees alone can probably feed the dividends and the increases … They have historically been Dividend Aristocrats and pay a healthy dividend in the 4% range.
My October dividend earnings were $446.88 and in November, I earned $478.64. My estimation has me earning $4,739.33 for the year. A little short of my $5,000.00 goal. I’ll need to save more My November dividend income is up compared to last year at $313.53 and I now have 2 months with higher dividends per quarter as opposed to 1. It’s not really important at the moment but it might be at some point for monthly income.
Dividend Paying Holdings
Broker Accounts
- Bank of Nova Scotia (BNS)
- Bank of Montreal (BMO)
- Royal Bank of Canada (RY)
- Toronto Dominion (TD)
- Crescent Point Energy (CGP)
- Kimberly-Clark Corporation (KMB)
- AT&T (T)
- Rogers Communications (RCI.B)
- Cominar Real Estate (CUF.UN)
- Johnson & Johnson (JNJ)
- Coca-Cola (KO)
- Liquor Store (LIQ)
- Power Financial (PWF)
- A Mututal Fund generating ~8% dividend
Computershare & CIBC Mellon Accounts
- Bank of Nova Scotia (BNS)
- Bank of Montreal (BMO)
- Canadian Imperial Bank of Commerce (CM)
- Sun Life (SLF)
- Telus (T.A)
- Bell Canada (BCE)
- RioCan (REI.UN)
- Transcanada Pipeline (TRP)
- TransAlta (TA)
- Fortis (FTS)
- Emera (EMA)
- Enbrdige (ENB)
Image: Simon Howden / FreeDigitalPhotos.net
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Keep it up!
Nice work!!!
Well done! Can you please divulge which mutual fund you’re holding? I hold two in my accounts, BMO Dividend Fund & TD Dividend Growth (Series S).
It’s Acuity High Income. The MER is pretty high though for anyone not wanting to pay high MER.
Your dividend income keeps increasing. I am very jealous!
Thanks. I do add money
Dividend increases don’t have an major impact yet and neither do the DRIPs. It will take a few years to see dividend increases and DRIPS bring a good increase on their own.
[...] always motivating, at least to me, to see how successful someone else has been at dividend investing. Luckily, most bloggers are pretty much open books, and [...]
Wow, it just keeps going up & up & up & up. Pretty soon you can use your dividend income to pay for all your family’s grocery needs.
Liquid Independence recently posted..Fun Facts about Money
Great job! Keep it up.
I hope to be collecting these types of dividends a few years from now. It’s very motivating. Good stuff.
Dividend Mantra recently posted..Considering The Downside To Early Retirement
“Dividend increases don’t have an major impact yet and neither do the DRIPs. It will take a few years to see dividend increases and DRIPS bring a good increase on their own.” -
Just to note that if you DRIP and market is going down or crushing (like now), your market value is less than if you just cash out your dividends.
I got this year more than $5K in dividends from equities + couple of hundreds on mutual funds , but my market value dropped a lot….:(
Looking at your portfolio just wondering:
1. Don’t you hold some short term bonds ETF (like CBO or XSB) that also giving constant about 4% dividends and also some kind of hedge in this bear market?
2. Are you planning to add more US dividend champions like ABT, PG, MO or PM?
3. Any thoughts on covered call ETFs (HEE, HEX, ZWB just to name a few) that paying very high dividends?